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20121104
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with the fema guys all the time, they're doing everything they want. >> i think that's right. i acknowledge that on the show, bob shrum. i want to go to my friend, ed rogers. >> hey. >> that's when obama was on the beat. first he was in the white house in the oval office. then he traveled. then he walked with chris christie. okay. he was doing his job. now he's back on the campaign trail. i point i'm making, ed rogers, is this. the aftermath, you know, sandy is officially over. whatever that means. but the aftermath has been brutal. much more brutal than people thought. and it extends to almost a third of the country, ed. and somebody often takes the blame who shouldn't take the blame. obama's campaigning. who's taking care of these kids? >> sure. >> in staten island who horribly, tragically, have lost their lives? >> well, you say it's horrible, and in politics, bad gets worse. and natural disasters follow a certain political pattern. at first people want the sheriff and the sheriff has to come to town and restore order and maintain peace and rescue people. now they kind of want the nurse
damage he has ever seen. he also said that fema will play a very strong role in the cleanup and recovery and rebuilding of this region. 83 miles long. most of it affected by this storm in a very, very big way. of course, that is part of the genesis of the meeting with the president today. the plane is now landing, i am told the president had just moments ago stopped by the fema headquarters before coming up here. and now we are told that he has landed in atlantic city. tyler, we'll be watching this meeting. we'll tell you the latest as we have it but for now, back over to you in the studio. >> kayla, thanks very much. as you just saw, air force one touching down at the atlantic city regional airport there. he's going to get aboard one of those two helicopters, along with governor chris christie of new jersey, and first do a helicopter tour of some of the devastation in the atlantic city area and up and down the jersey shorelines. then he will get out and go on foot in to some of the areas. we'll, of course, follow that story for you and bring you the images as we get them in the building
government is here, we're doing what we need to do, coordinating with fema and i thank you mr. fugate for being here and helping our operation even better and we will move on from here. what i said yesterday i really mean. there has got to be sorrow and you see that and the president's seen that today, in the eyes and the faces of a lot of the folks he's met and that sorrow is appropriate. we've suffered some loss. luckily we haven't suffered that much loss of life and we thank god for that but we have suffered losses and this is the worst storm that i've seen in my lifetime in this state, but we cannot permit that sorrow to replace the resilience i know all new jerseyians have so we will get up and we'll get this thing rebuilt and we'll put things back together, because that's what this state is all about and always has been all about, and so for all of you who are here and i met a bunch of you today at brigantine who d disregarded my admonition to get the hell out of here. you are forgiven this time but not for much longer. we have to make sure when all of you see all this destructi
of the jersey shore saying 2,000 fema personnel are on the gloupd rou affected states. at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're
a conference call with fema. they have about $3.6 billion left in their disaster contingency fund. that's as of october 26th. they're also saying that president obama when he made that major disaster declaration for new jersey and for new york, he did that verbally. what that meant was they were able to cut through a lot of the red tape and move this process along and get the response going even before the disaster happened. they're also saying that fema is dispatching housing inspectors to go out and take a look at the claims. they want to avoid any kind of massive fraud problems. they say they've been able to bring that down over the past couple years. they'd like to continue to do that. they're going to have boots on the ground verifying some of these housing disaster claims in person. so a lot of response here from the federal government across the board. so far, the folks at fema telling us they think they have enough money to do the job. >> all right. thanks so much, eamon javers. >> and from government losses to trading losses. we know we won't be getting a check from fema, so wh
airlines to talk about the impact on the industry and the man who led fema during hurricane katrina will tell us what the federal emergency agency should expect from this storm. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >> we talked
that has been damaged so badly by the flooding and by the wind. it goes beyond a fema grant and it comes at a time when we are dealing with a clip and a fragile economy. >> one way or the other it has to be paid for. it requires a supplemental appropriation. first of all, there is enough money director fugate says for the fema part of the recovery, i think we voted $6.1 billion in the budget. there is enough in the fund right now. director fugate says. as far as the improvements that will have to be the supplemental appropriation and we'll have to have that be accounted for. but one way or the other, we'll have to have that be done. it is enormous not to improvement. it could have long-term economic consequences. we'll have to see what it is going to be. we'll have a commitment to make sure it is going to be done. >> thank you so much for joining us. >> millions are without power tonight. coming up. we'll ask the guy who runs the east coast utility companies when and how he plans to get that back on the grid. >> sandy, the path of destruction. there are a lot of warning lights and sounds
in washington, d.c., we got some statistics from fema earlier today. they say they have plenty of money on hand. they have got $3.6 billion left in their contingency fund as of october 26th. they have spent some of that now, prepositioning generators in some of the hardest-hit areas so they got the material in advance but they say they have plenty of money left in the fund. now, president obama earlier today met with some of his top disaster officials, including the admin straighter of fema, mr. few gate, at the white house in the situation room, getting the latest there. federal officials telling us that they have the money they need now and they will be able to send that out to the states now that these disaster declarations have been made. here in washington, locally, the worst passed us by, a flooded potomac river it is still in its banks. that means the worst is over here. back to you guys. >> thank you vet. super storm sandy slamming the east coast. we will talk about the impact on the gross domestic product and the retailer. >>> this video just came in of atlantic city new jersey. sectio
of the worst hit areas of the jersey shore. saying 2,000 fema personnel are on the ground in affected areas. at least 82 people have died in the u.s. as a result of sandy. most of them in new york and new jersey. the number of people without power is dropping, though there are still 4.5 million customers in the dark and it may be ten days before the hardest hit areas see their power restored. >>> meantime, nearly 20,000 flights were canceled because of sandy but stranded airline passengers are finally getting some good news. limited number of flights are taking off from laguardia this afternoon. all three major area airports are now open. airlines are waiving changeance a and cancellation fees due to the storm. >>> dedubtable on insurance claims will be discounted. fema would usually cover only 75%. governor cuomo is asking for full reimbursement. >>> we are still awaiting the possibility of janet napolitano speaking, the first federal official to do so at the mouth of the brooklyn battery tunnel where she's with cuomo at the moment. >>> gold is closing as we speak. sharon epperson has the
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, but that's under fema. fema stands for federal emergency management agency. and that's basically a response mechanism and i think they're doing a great job of responding, but it's not a funding mechanism. i heard they had $5 billion, $7 billion. yesterday the director said that they had $3 billion. but fema is not a funding mechanism for repairs. to rebuilding people's lives. so you have to understand that that's what fema does. the other obviously is the insurance industry which for the most part if you look at all of these catastrophes including katrina and you look at irene most has refunded the rebuilding of the world trade center has come from the insurance industry. >> i'm thinking about the mta. apparently it's costing the mta $18 million a day just in lost fares let alone whatever it's cost them to pump all this water out. is that covered by insurance? >> yes, in some cases it is. everybody has different kinds of -- andrew, everybody has different kinds of insurance. the wordings in the contracts are different. it could come under business interruption, it could come under service i
and by mi making sure that fema performs well and the entire federal bureaucracy responds officially, he gets points. he looks like a leader. he looks like someone in command. that's always good for undecided voters. it's always good to motivate someone in his base who wasn't sure they were going to vote. secondly, if you subscribe to the theory that the romney campaign had momentum t looked like it did in some of the swing states. this is a timeout for three days. it's like a basketball game where one side is coming back from being way down and they're only two buoyapoints down. all the sudden the scoreboard clock goes down. for ten minutes they repair the clock. after that, the team has lost its momentum. i think the guy that had momentum is hurt by a three-day layoff. thirdly, there's a fundamental distinction between the two campaigns and two visions. one says that government should get out of the way and let the private sector do its job. one, the president's campaign, said government's important. at a time like this, people are reminded as clearly and as graphically as they can be
endorsed barack obama. do you think this has anything to do with getting fema money and paying for all of new york's infrastructure? it strikes me as an odd time for the mayor. doesn't he have anything better to do? >> well, i don't know. you have to ask mike why he wanted to do it on that basis. it seems that there are some other issues that are pretty darn big like what's going on in the middle east and disaster in the middle east, the disaster in libya, the disaster to our economy that this president has brought about. his inability to really set forth a plan for the next four years that makes any sense. and you want to talk about this particular issue that we're going through is absolutely just say no to any form of expansion of energy which is the reason why we're having such a tough time recovering. michelle just made the point before about this aging infrastructure that we have. we haven't rebuilt it not because we don't have the money to do it. we haven't rebuilt it because all these groups oppose every single thing you want to do. if you want to build a new generator, they opp
is the cleanup operation like? >> i'm in front of the atlantic city board walk. it's dismantled and empty. fema is now opening disaster centers for people to begin getting federal aid. and all up and down the jersey shore, crews are trying to remove debris, trying to get the power back on. but in parts of new jersey, the entire gas system needs to be rebuilt. hundreds are still locked out and they're losing patience. they're frustrated this recovery cannot happen sooner. and there will are new complications caused by sandy, traffic jams, lock lines for gas, everyone gas rationing. and no rest for the weary. those still without power. a winter storm is head this had way and it could get here well before the power is back on next week. s are ross, back to you. >> take a quick look he at the ftse global 300. fractionally lower, but if you key in, you can see people are largely trying to keep positions on hold before we get the jobs report today. 0.2% down for the cac 40 and ibex lower, as well. >>> still to come, short seller positions will be unmasked today and new european rules go into effect.
a state of emergency in delaware. i believe that has changed since then in. >> he did, fema and the white house have been terrific to work with, very grateful to them. you know the way it works is they embed themselves, we have fema people at our emergency management agency to make it as seamless as possible, they've done a great job as have the incredible hundreds and thousands of people within delaware, the emergency response community, everybody from the national guard to the red cross volunteers to local law enforcement, state police, department of transportation, natural resources, all of those people have done a great job. >> what does a governor do? were you up all night? >> i was not up all night. i was out all day yesterday up very late the night before, and you know, basically last night on the phone a lot with -- >> at the mansion? >> actually at my house. >> did you lose power? >> we did have power. i was surprised we had power. >> you did have power. >> we did have power, but 40,000 plus people still without power so that's a lot in a state of our size. our population is 900,
to be talking about cutting support for fema. he's not answering questions on that at the moment. how much of an issue is that for him? >> i think it's tough. i think any time it looks like you are not being responsive to questions about a major issue in the news, particularly one that's impacting so many people's lives, and not defending your record and what you've said in the past -- and he has made comments about transferring federal funds for disaster relief to the states. he's made statements about that in the past. and he's just refusing to talk about it. now, if he came out and said look, i think the federal government is doing the right thing, they're helping out in the way that they should. here's how i would do things differently. that might be helpful. but it looks like he's dodging questions right now and this is on everybody's mind, so that can't be helpful to him. >> how is turnout likely to be affected? who is this going to benefit the most? >> i think in terms of reducing turnout, that's where it would be less helpful to president obama. he's counting on a lot of people sho
mike bloomberg playing politics with hurricane sandy in order to get fema and the feds to pick up his city tab? america's mayor rudy guilliaiul first on cnbc. the state's governor scott walker my exclusive gust. stocks don't fare sandy. a great day and the dow climbed 136 points. the kudlow report is just moments away. >> all
that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a president's job. i don't see the president getting much mileage out of that. but who knows. >> this is a random question. if the election were held tomorrow, would they ever cancel or delay the actual election itself due to weather,s that that ever happened? >> not to my knowledge. i think it would be very, very difficult to do. but, you know, stranger things have happened. i'm not aware that that's ever happened. i mean, it certainly happened in particular jurisdictions. you remember in 9/11, they moved the mayoral election in new york city. so certainly there's press department for in the catastrophic circumstance moving the date, but i've never seen that in a presidential election and i'd be very surprised if that happens. >> john harwood, stay safe today. appreciate your perspective on all of this. we'll still be dealing with this football metaphor when the game ends. >> when we co
is to be expected. of course, residents no doubt still reeling, and governor christie said fema will be a strong force here, no doubt, for many, many months. and he kept stressing that word, noting that this will be a very long recovery process. people are just starting to try and put the number on very early estimates. back to you. >> kayla, it looks like we're taking a few hits from your shot, but it is surprising to see the lights behind you. i don't know if you can still hear us, kayla. have they had these lights on the whole time with generators? is that a new change? looks like we're losing kayla's shot. >> reporter: they do have massive generators that have been powering those casinos. bally's has been housing essential personnel like hospital workers and police that are here in atlantic city. most of the traffic lights are back on. there are some that are still out. actually, there's a lot of power. yesterday we were broadcasting from outside caesar's. i spoke to someone there. their casino was up, and all the machines were on. kelly clarkson was playing outside on the speakers. but it's
to be extensive damage from a financial point of view, which federal government through fema, federal emergency management agency, et cetera, ultimately winds up paying for. state and locals pay a portion of it. but it's a small portion. i don't believe that's going to have a significant impact long term. the expenses diffused. it's not good for state and local governments because we're already under a lot of pressure but i think that's going to be manageable. and i don't think it's going to have a major impact. i just -- your question earlier on when do the markets get up and running and is there a delay, i think if there's an economic impact, that would be it. that's why the white house is concerned. i'm going to be reaching out to secretary geithner to make sure we're coordinated to everything we can to get wall street everything it needs to be operational as soon as possible. >> and your power just went out. we're expecting widespread power outages once sandy does hit landfall. is that an accurate statement? i mean, will things get worse from here? >> things will get worse. i'm in a militar
companies and news organizations really helping to get that word out. sandy, new jersey, fema, business, hudson river, tappan zee bridge, all of the top trending topics on twitter. instagram has seen thousands of photos taken. interestingly delaware is the state with the highest amount of buzz around the storm followed by new jersey and then connecticut, but a picture is really what's worth a thousand words, and there are thousands of them. here are just a few. the fdyn, as you with see here, putting up a picture of the waves crashing into the bridge in brooklyn and then if you look over here, we've got a picture of the white house. this is the situation room. president obama tweeting out this very powerful. moving over here, you've got sandbags in jersey city, new jersey, justin solomon out with our reporter brian schactman in montauk tweeting that picture, and that's only gotten worse since then. there's more pictures from monta montauk. nbc's ron allen in atlantic city. check out this picture of al roker from this morning imagine what this must look like now in point pleasant, new je
of the road? >> well, they can bring in the national guard along with the governors of the states. fema right now is helping to bring in some equipment to help drive some of the equipment after the water gets pumped out of the tunnels in new york city. there are people everywhere. we've got an army of people out there work on this. you can criticize if you want to, but i don't know of anybody that is suggesting a way to do it better. >> it isn't a technical thing. it isn't the actual -- you know, the men, the hard hats and stuff. i've seen them up in connecticut. it's just the thought, tom, that in this day and age, 2012, trees are still falling on power lines, and that is paralyzing a third of the state of connecticut. trees shouldn't fall on power lines in october, november of 2012. somehow there's got to be a better way to do this. it just seems like i'm using a typewriter instead of a personal computer or an ipad. >> and when i read that our power grid is antiquated and dated by, you know, decades, that's not true? >> go anywhere else in the world, you'll see that it's not true, michelle.
it? >> fema responds rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right now. not necessarily the bond buying program. just an observation. >> maria, i got say, i don't know if the bond buying is actually helping. we're seeing a lot of bond buying. i don't know where that money is going to. we see unemployment raising. >> is survey showed pick ups in demand for most classes in lending right now. so it has had a positive effect in a place where it could matter. we have seen in general some of the interest rates that matter go down in the economy, including mortgages. >> and a big uptick in housing. >> maybe not perfect, but it seems to have had an effect. >> do we anticipate the typical pickup in economic activity following a natural disaster of this magnitude here, ron? >> bill, listen, it's go
, people pay for it one way or the other. people are going to pay for it out of their own pocket or fema is going to come in and pay for it that the people in general end up bearing. >> a transfer of wealth as a result of all of this. gm out with their october sales. fill lebeau is out with those numbers. >> as we bring in kurt, let's mention that the sales came in at 4.8%. character trooized what we saw this month, including the last three days of the month. >> yeah, phil, you know, first and foremost, you know our thoughts and prayers are with everybody in the northeast, given what they have been through, you know, we're going to do everything we can possibly do as a company. we donated over 50 vehicles to the american red cross. so, you know, we're doing whatever we can. having said that, given the circumstances, there was definitely an impact to the business but we feel that we finished almost 5%. so we feel gradual growth in the indust industry. are we showing half a percent? what can you gaunt for it? >> it was certainly a few thousand units, phil, we're trying to quantify that as
Search Results 0 to 23 of about 24